Analysis Paralysis

[Sophia Brown]

Good morning BP, This is Sophia and it's 1:30 am and i have been reading the beginners guide to real estate investing. It's a very good book, and i read about analysis paralysis and its so true i'm guity to reading and researching over and over. I bought my home 2 years ago the traditional way and i set my goal to purchase my first investment property in April 2015. I want to step out with creative financing.  My question is, is that time frame to far away?

[Ben Leybovich]

@Sophia Brown - this is interesting.  There are more than one way to consider your question.  On the one hand, you must be ready - mentally and psychologically.  How long does that take?  On the other hand are the mechanics - a few months will do to put a deal together...

I studied for about a decade before taking action on the first one.  I'am not suggesting that this is the best or only way, but about 10 years was what it took for me to "season".  Furthermore, for about the last 4 years, I've been averaging 1 deal annually.  Why - because I buy everything creatively with nothing down, and these deals are far and few between.  

Time is not the issue.  Your seasoning is.  You'll know when you are ready!